Infobird (NASDAQ:IFBD) Announces Earnings Results

Infobird (NASDAQ:IFBD) issued its quarterly earnings data on Thursday. The company reported ($0.94) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.93 million during the quarter.

Infobird Price Performance

Infobird stock traded up $0.14 during mid-day trading on Thursday, reaching $1.13. 7,670,371 shares of the company’s stock were exchanged, compared to its average volume of 95,026. The business’s fifty day simple moving average is $1.01 and its 200 day simple moving average is $1.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.98 and a current ratio of 1.98. Infobird has a one year low of $0.66 and a one year high of $2.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Infobird Company Profile

Infobird Co, Ltd. is a China-based software-as-a-service company that provides customer engagement and customer relationship management solutions. Its offerings are designed to help businesses manage customer interactions, sales activities, service operations, and related workflows through cloud-based software.

The company’s products and services include cloud contact-center and customer-service platforms, customer relationship management tools, sales and marketing applications, and artificial intelligence-enabled solutions.